New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-06

state bonds were quiet, North Carolina specials
and Arkansas Is Fort Smith Railroad al 81 OF city
bank stocks Commerce sold o. at III. Citizens 40 at
1875 and Merchants 40 at 14i.
Generally the railroad bond market only moder-
sIe fastr"s ere SHENANDOAH Valley general mott
gage which, with sales or T2ZOOlo rose from 43i9 10
IN To 80 closed at 524 Indianapolis, Decatur and
Springfield second incomes from 90 y to - Detroit,
So 81 and Central Of NcwJcrsey debcnture Ga sold OF
9gA 1882 Erie second o. TO 1881 with sales Of
$3.50 900 Baltimore and Ohio 5s Id at no. G. G. c. l.
consol Gs at Ill. West Shore Is ut 1885, l03'=.
Memphis and Charleston Us at 1883; New York ontario
and Western 6s AZ los a. Rock Island 3s at lO0 Burning
p I " - Western al los n and Wisconsin and Mime
soa nj 1864 Missouri Kansas and reNas general IS
opened up and sold az 1902 nlOO Mexican Central
4s rose Il 10 O. Toledo s. ana WABASH az c9Ryeft,
Is rose per TO o. Oregon short Line 6s were sold
10 90 on erroneous reports Of President Adamss es
mony before tue Pacific Railroad Commission. recovered
and closed at 1903 Oregon Trsnscontinental hrsts
OF nnlised securities dealt in at the Stock Exchange
Cotton seed oil certificates sold n5oOl at DIS % %
80 an western National Bank go at l00la East
and West Alabama nrsts $1,000 at l05. Georgia
Pacific seconds $4,000 at 81 400, Mexican National
dr.t trust $2Ag 900 at IL a45 ai42 and hrss, sec
ond instament paid tts2,OoB AZ olsdVZ, II.
Paul. Eastern and Grand Trunk hrsts $1,000 nc
iOG Toledo, Louis and Kansas CITY nrss $1,000 at
Me xiean STATE sterling IS SlOo0ol at ~ ~
Ioif Brooklyn Elevated t5ss at 63i2G63. boston
MONIES and Fort Dodge 600 at lsisgle, Mexican IA
tiona Il 2OO az 9as 10. Mexican National Construction
al
Toledo Ann Arbor and North Michigan aoo ~ 90 G-0s
Phnnix Mining 10000 At - 75aS2 ~ 2aS2 62i2, SC
curiiy Milling aud Mining JOO at 10 - G7' ana San
the far rate for money per cent exceptionally
at per cent and late at Jig; the closing was 4@iPer
The suleTrea.ury debtor at the Clearing House
1919. 1877 aud It redeemed 10000 trade dollars o,o
The sub-Treasury to-day lost on balance SIIaOi2
made up by losses OF Siis73 currency and Sl3ol39
coin Tie days operations covered Receipts. S967ssJ;
payments Si.l42.G97 currency balance, Slo,3o3,7jOi
coin balance. l55s43,3i3 - ,.,. ~. ,o,onr..
Exchanges, Sl12,sG7,2G5; balances, F3,ll443o -,
The United states treasury at washington received
500 1000 National Dank notes for redemption.
The receipts were S5O5lo2, ana the internal
revenue receipts SG3s6i0. Observation-Disclosures, =.
the foreign exchanges were dull and barely steady &C
quotations for business as follows Bankers bills - S0s
and 517ia for francs; 05ss and 95s Tor reichmarks
4Ois aud 4OI4 for gulders. Ill,
The governors Of Bank of England at their weekly
meeting today made change iu the rate OF discount
and IL remains per cent During the week the bank
Ihites was reduced from 5000 TO AZ 2s per cent
against 80 3lG per cent at the same Time iast year me
800 900 francs gold aud 100000 francs silver Az me
London stock Exchange British consols opened i-Io
higher at 1924 for both money ana account, pu. noney
reacted TO lO2 1ll6 at tho close American railways
opened higher and continued strong clog az ne s ocSl
figures At Paris French per cents opened on At SO 10
and recovered sO22 and sight exchange on LONDON
was flrmer at %. 2ii9 francs to the T.
Union PACIFIC AND OREGON SHORT LINE
The published erroneous reports OF the testimony OF
President Adams OF the Union Pacific Railroad before the
Pacihc Railroad Commission have excited 50 mueh a,
me Uosf0u Transcript which IL publishes correcting
some of The errors. The letter Is as follows:
NV aienton has called editorial in your issue
~ snrday last 3Oh ut, which. though unlnlent0naIy
H. so erroneous respects THIS company tIat
hou am Wiling 10 enter INTO newspaper
aiscnssons think 1t should pass unnolced -, -,
recent examination before tho BOARD OF
Pacific railroad in NewYOr quote nae
stanY that Union Pacific had guaranteed ihe bonus
~ The Oregon although the act OF COhHesseh
that the road shall not issue OF al
sne 81 bonds without the pcrms zion OF COngross You go
an 10 saserl that said that this was done on Tue
III sidney Bartlett Judge J. Dillon ana other coun-
Sci of The You then add Taking al these hins p
IL conceded that the opinion uhusI
WHICH ie oregon short Line bonds were guaranteed ~ te
t-o Pacific was sufficiently materially 10 have aneclc
INC climate whole territory between inc AuAhuo An"
Pacific coasts l., at. ,r..o ,,o-o nm = anch
IL ss maj inelu betwe quotation marks III SO
haren noweyer that this tue reporter OF the eh
, scn vas indebted the words ne qu0lel Wholly 70
10 ,l1on is such provision Oh Ia" relating
10 the Union Pacific Railroad - .,.u. ao,oo,va
% fart are simply Referring 10 the guarantee W
ne ii,,on Pacific interest not the principal OF VIC
hoS ds of tbe oregon Line Governor PatsoD chs
MAJ G The commission. read from the act OF March, D. 1910
stox shall be Issued mortgage or pledge ma
on The property future earnings Of the company "o"'
ben aid 10 him reply that the company had bee ad
vsed y nd. counsel this language did not cover s
| srtca Of the Of that re erfoi 10 Ing
| anestlon turns upon the meaning Oh me
words mortgage or pledge MADE T on hs . hem su5
united 10 many lawyer and have yet TO meet one WHO s'
expressed the opinion that traffic guarantee OF lno
der ~ maj made by Pacific In the case OF tne
eon Short Lane either a mortgage or peasa -.